money loosing traders must read this===========================You trade in order to make money. Still, every trader has losing trades, bad streaks, and negative returns. The down periods can be long and miserable, too, but you can survive them. The trick is to have more winners than losers. If one loser wipes out all your capital, though, you won’t be around for the next winner.Traders take risk in order to get a return. Different traders have different preferences for risk. The market, meanwhile, is relentless. It cares nothing for your risk preferences, it just does what it does. Some days, that’s great. But other days, that’s not. A long series of losing trades can ruin any trader That’s why a key starting point has to be finding your probability of ruin. How likely is your account to be annihilated?The first number you need to find is your advantage, which is the percentage of winning trades over losing trades you are likely to have. It should be more than 50%, but it may not be a lot more. You can get this from your trading diary or your back-testing data. If you find that 55% of your trades are winners and 45% of your traders are losers,then your advantage is 55% – 45%=10%on any given day, you have a 1.8% change of losing all the money that you trade that day. If you trade all of your money, then that day will bust you. You can reduce your risk of ruin by finding a strategy that gives you a greater advantage or by making more trades, if those are feasible for you.Calculating the risk of ruin is your first step. The higher your number,the more money management matters to your success.

Kartik Says:March 28th, 2013Posted at: 8:36 am

Hi Vishal, GM, I was unable to find any news on it, hold it with a tight SL at 1870 though

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